Highland Capital Management LLC cut its position in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 10.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,628 shares of the basic materials company’s stock after selling 5,430 shares during the period. Highland Capital Management LLC’s holdings in Barrick Gold Corp were worth $904,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ABX. ANTIPODES PARTNERS Ltd increased its stake in Barrick Gold Corp by 15.3% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,471,766 shares of the basic materials company’s stock valued at $24,454,000 after buying an additional 195,478 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Barrick Gold Corp by 275.8% in the first quarter. Quadrant Capital Group LLC now owns 5,592 shares of the basic materials company’s stock valued at $104,000 after buying an additional 4,104 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Barrick Gold Corp by 5.1% in the first quarter. Gulf International Bank UK Ltd now owns 362,476 shares of the basic materials company’s stock valued at $6,875,000 after buying an additional 17,650 shares in the last quarter. Paradigm Financial Advisors LLC increased its stake in Barrick Gold Corp by 6.3% in the first quarter. Paradigm Financial Advisors LLC now owns 29,373 shares of the basic materials company’s stock valued at $557,000 after buying an additional 1,735 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Barrick Gold Corp during the fourth quarter valued at approximately $1,648,000. Institutional investors own 58.61% of the company’s stock.
Shares of Barrick Gold Corp (NYSE:ABX) opened at 16.71 on Friday. Barrick Gold Corp has a 52 week low of $13.81 and a 52 week high of $23.47. The company has a market cap of $19.48 billion, a price-to-earnings ratio of 29.84 and a beta of -0.24. The firm’s 50-day moving average is $18.96 and its 200-day moving average is $17.43. Barrick Gold Corp also was the target of unusually large options trading on Tuesday. Traders purchased 71,886 put options on the company. This represents an increase of approximately 643% compared to the average daily volume of 9,674 put options.
Barrick Gold Corp (NYSE:ABX) last posted its quarterly earnings data on Monday, April 24th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.07. The firm earned $1.99 billion during the quarter, compared to the consensus estimate of $2.22 billion. Barrick Gold Corp had a positive return on equity of 6.81% and a negative net margin of 28.22%. Barrick Gold Corp’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. Equities research analysts predict that Barrick Gold Corp will post $0.80 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%. Barrick Gold Corp’s dividend payout ratio (DPR) is -3.90%.
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Several equities research analysts recently commented on ABX shares. Royal Bank of Canada reiterated a “hold” rating and set a $19.00 target price on shares of Barrick Gold Corp in a research report on Tuesday, January 3rd. Zacks Investment Research downgraded shares of Barrick Gold Corp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 11th. Barclays PLC restated a “hold” rating and set a $20.00 price target on shares of Barrick Gold Corp in a report on Wednesday, January 11th. Berenberg Bank restated a “sell” rating and set a $15.20 price target on shares of Barrick Gold Corp in a report on Friday, January 20th. Finally, Vetr lowered shares of Barrick Gold Corp from a “strong-buy” rating to a “buy” rating and set a $19.65 price target for the company. in a report on Monday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $22.97.
Barrick Gold Corp Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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